i will be shorting this to trade the bearish butterfly in pink. also there is a possibility of potential cypher pattern in sky blue. Trade details in chart.
This is not a bearish butterfly in pink. a butterfly pattern has a b point of a 78.6, not a 90!+ .. source: fxgroundworks.com/butterfly-pattern/ and that pattern in blue statistically doesn't have an edge, it was proven.
GcNaif
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Trader888 thankyou for reply, i usually dont reply to ratio related questions, for me i am flexible with ratios if they are close enough, just for your info for butterfly i consider b tobe between 0.78 to 0.88 and that is a wick at b ,so its ok for me,